Versant Earnings Beat Expectations as Digital Platforms Drive Growth

According to CNBC, Versant Media reported third-quarter earnings per share of 34 cents, topping analysts’ 5-cent estimate, as digital platforms revenue rose nearly 10% year over year to $245 million. Adjusted EBITDA was $353 million, above the $305 million estimate, while revenue fell to $1.59 billion from $1.66 billion a year earlier. The company reaffirmed its full-year 2026 revenue outlook of $6.2 billion to $6.45 billion and adjusted EBITDA outlook of $1.9 billion to $2.05 billion. It now expects free cash flow to exceed its previous range of $1 billion to $1.2 billion.